Trump, Tariffs
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European trade ministers are hopeful for a negotiated trade deal after President Donald Trump announced 30% tariffs on the European Union.
The EU – the United States' biggest trading partner – had been scheduled to impose "countermeasures" starting Monday at midnight in Brussels
The bloc’s trade commissioner says the two sides were close to a deal before the president last week threatened to impose a 30 percent levy.
President Donald Trump on Saturday threatened duties of 30% on products from Mexico and the European Union, two of America’s biggest trading partners, in an ongoing tariff campaign that’s upended global trade since he retook office in January.
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Consumer prices rose 2.7% in June from a year earlier, the Labor Department said Tuesday, up from an annual increase of 2.4% in May.
President Donald Trump's announcement of 30% tariffs on the European Union will have repercussions for companies and consumers on both sides of the Atlantic.
President Donald Trump has posted two new letters on his social media platform announcing tariffs on the European Union and Mexico.
After European Union leaders said they would keep negotiating instead of immediately retaliating against President Trump’s latest threat, businesses remain unable to develop long-term plans.